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Thursday, 7 January 2016

Wall Street drops to three-month low; China, energy weigh

The
Dow Jones industrial average ended down 252.15 points, or 1.47 percent, to
16,906.51, the S&P 500 lost 26.45 points, or 1.31 percent, to 1,990.26 and
the Nasdaq Composite dropped 55.67 points, or 1.14 percent, to 4,835.77.

US stocks closed at their lowest level since early October on Wednesday,
weighed down by fresh concerns over China and slower global growth and as
energy shares tumbled with oil prices.

Apple briefly dipped below USD 100 for the first time in nearly five months
following reports of slowing shipments of the company's iPhone 6S and 6S Plus
models. The stock, which ended down 2.0 percent at USD 100.70, was the biggest
drag on both the S&P 500 and Nasdaq.